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Friday, January 19, 2018

Industry

South Korean top four oil refiners are expected to post more than 8 trillion won (US$7.53 billion) in surplus last year for the first time in history.
Record-high Profits Amid Uncertain Variables
15 January 2018 - 2:30pm
The major four South Korean oil refiners are expected to post more than 8 trillion won (US$7.53 billion) in surplus last year for the first time in history thanks to stable oil prices and a boom in...
SK Global Chemical and Sinopec established China-Korea Petrochemical in China in 2013.
For Risk Sharing
15 January 2018 - 10:30am
In the past, South Korean companies established local subsidiaries and conducted M&As in most cases to penetrate overseas markets. These days, however, an increasing number of them are opting for...
IC Insights predicted that memory semiconductors would grow 5.2% a year on average between 2017 and 2022.
Amid Contradictory Forecast
15 January 2018 - 10:15am
With optimism and pessimism about the memory market mixed, some experts predicted that the memory semiconductor market will grow about five percent only by 2022. If the prediction turns out to be...
The third unit of the Shingori Nuclear Power Plant has been in safe operation without stopping for 389 days since the completion of its construction in December 2016.
Safe and Convenient Model
15 January 2018 - 10:15am
The third unit of the Shingori Nuclear Power Plant has been in safe operation without stopping for 389 days since the completion of its construction in December 2016. Korea Hydro & Nuclear Power...
Kim Hyun-seok (sixth from left in front row), head of Samsung Electronics's CE Division is cutting a tape with Henry McMaster (fifth from left in front row), governor of South Carolina during a ceremony in Newberry, South Carolina, on January 12.
Coping with Safeguard on Korean Washers
15 January 2018 - 9:45am
A new home appliance factory built by Samsung Electronics in the state of South Carolina started operation. The Korean home electronics giant began to run the factory in a hurry for the purpose of...
The US Department of Commerce applied the AFA (Adverse Facts Available) regulation on Hyundai Heavy Industries’ transformers while imposing a high-rate anti-dumping duty.
Applying AFA on Transformers
15 January 2018 - 9:30am
The US government expanded an anti-dumping duty on high-capacity Korean transformers six-fold by overturning a ruling on them which was made two years ago. According to industry sources on January...
Hyundai Motor is trying to form a strategic partnership with global leading companies in order to lead the car sharing market by providing green cars including electrical vehicle Ioniq. (photo courtesy: Hyundai Motor)
Leading Car Sharing Market
12 January 2018 - 11:45am
Hyundai Motor Co. has been seeking to make an aggressive investment and development by forming a strategic partnership with global leading companies in order to lead the car sharing market, one of...
Asiana Airlines has been operating four A350 airplanes which provide in-flight Wi-Fi and mobile phone roaming services since May of last year. (photo courtesy: Asiana Airlines)
Wi-Fi Services in Flight
12 January 2018 - 10:30am
An improvement was made to the quality of an in-flight Wi-Fi service that only Asiana Airlines is offering among Korean airliners to such an extent that a video call can be made. However, it is said...
Korea Hydro & Nuclear Power (KHNP) developed the world’s first big data-based system for the purpose of predictive nuclear power plant diagnosis.
Big Data-based Nuclear Safety
12 January 2018 - 10:15am
Korea Hydro & Nuclear Power (KHNP) announced on January 11 that it developed the world’s first big data-based system for the purpose of predictive nuclear power plant diagnosis, that is,...
Hyundai Motor Group unveiled in-vehicle networking technology at CES 2018, which has been developed with Cisco.
Key Technologies Unveiled
11 January 2018 - 12:15pm
At CES 2018, the Hyundai Motor Group unveiled in-vehicle networking technology it is working on with Cisco. The two companies began to cooperate with each other for connected car development in April...
The Korean government is going to sign agreements with Asian countries for compatible Good Manufacturing Practice (GMP) standards, compatible customs clearance procedure, regulatory unification, etc.
Unified Asian Regulation on Cosmetics
11 January 2018 - 12:15pm
The Ministry of Food and Drug Safety of South Korea announced on January 10 that it would form a new council with ASEAN member countries by 2019 so that regulations in the cosmetics industry can be...
Customers of Cosmetics will be able to instantly create their own cosmetic products as they please at stores.
Customized Cosmetics Era to Come
11 January 2018 - 12:15pm
“Customized cosmetics” are only available in some cosmetics stores at the moment. However, they are expected to be more diverse and more accessible in the future. The Korean government has joined...

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